a r t i c l e i n f o JEL classification: Q43 Q54 C68 D58 H50 H68 Keywords: Fuel prices Endogenous growth Budgetary consolidation Climate policy Dynamic general equilibrium Portugal This paper examines the influence of fossil fuel prices on carbon dioxide emissions, economic activity, and the public sector account in Portugal. It uses a dynamic general equilibrium model which highlights the mec...

High fossil fuel prices have rekindled interest in nuclear power. This paper identifies specific nuclear characteristics making it unattractive to merchant generators in liberalized electricity markets, and argues that non-fossil fuel technologies have an overlooked ‘option value’ given fuel and carbon price uncertainty. Stochastic optimization estimates the company option value of keeping open...

Electric and hybrid-electric vehicles have long been seen as the answer to the economic and environmental problems created by traditional fossil fuel vehicles. In addition to the ability to reduce carbon emissions and reduce negative environmental externalities, they have the potential to end the current dependence on limited fossil fuel reserves and thus enhance energy security. However, the f...

This paper studies the impacts of renewable energy support policies on energy prices, fossil fuel supply and thus carbon emissions and climate change. We show that the impacts are highly dependent on capacity constraints of renewable energies and market power in the fossil fuel sector. We differentiate renewable energies by whether they face production capacity constraints (solar vs. biofuels) ...

Leakage of greenhouse gas emissions— increased emissions in unconstrained regions due to regulations in other regions— undermines the effectiveness of sub-global climate regulations, reduces incentives for unilateral climate initiatives, and can result in distortionary trade measures (Winchester, 2012). These concerns are expressed in measures to reduce leakage included in the EU Emissions Trad...

Life-cycle studies of the currently dominant transport biofuels (bioethanol made from starch or sugar and biodiesel made from vegetable oil) show that solar energy conversion efficiency is relatively poor if compared with solar cells and that such biofuels tend to do worse than conventional fossil transport fuels as to the emission of eutrophying and acidifying substances. Lifecycle studies of ...

generators’ risks Richard Green Institute for Energy Research and Policy University of Birmingham, Birmingham B15 2TT Tel: +44 121 415 8216 Email: [email protected] October 2007 Abstract Volatile fuel prices affect both the cost and price of electricity in a liberalized market. Generators with the price-setting technology will face less risk to their profit margins than those with costs that...

Policies to mitigate greenhouse gas emissions are likely to increase the prices for fossil fuel based energy. Higher energy prices would raise farmers' expenditure on machinery fuels, irrigation water, farm chemicals, and grain drying. To compute the economic net impacts of increased farm input costs on agricultural production after market adjustment, we employ a price endogenous sector model f...